Gold price keeps its positive stability – Analysis - 27-05-2022

Economies.com
1 year ago

Gold price ended yesterday above 1850.00 level, to keep the bullish trend scenario active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to resume the bullish wave that targets 1890.00 as a next main station.

 

The price might witness some sideways fluctuation until managing to gather enough positive momentum to push trades to rise again, reminding you that the continuation of the expected rise depends on the price stability above 1850.00 and 1838.10 levels.

 

The expected trading range for today is between 1840.00 support and 1880.00 resistance.

 

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The expected trend for today: Bullish

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